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Regulatory press release

Lundin Mining Corporation: Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks

Lundin Mining
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VANCOUVER, BC, Sept. 30, 2025 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act.

The number of issued and outstanding shares of the Company has increased by 368,147 to 856,468,476 common shares with voting rights as of September 30, 2025. The increase in the number of issued and outstanding shares from August 31, 2025 to date is a result of the exercise of employee stock options or the vesting of employee share units. During this period, the Company did not purchase any shares for cancelation under its Normal Course Issuer Bid program.

Normal Course Issuer Bid

Under the Company's shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. So far during 2025, Lundin Mining has acquired 12,629,000 common shares at a cost of approximately US$104 million.

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